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Business news highlights

Bamburi half-year net earnings nearly double to KSh 721 Million

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Listed firm Bamburi Cement recorded a significant increase in its half-year Net Earnings to KSh 721 Million compared to KSh 393 Million net profit...

Tecno sold thousands of phones with malware in Africa

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China's Transsion Holdings, the firm that makes Tecno and other low priced smartphones has been accused of selling handsets with pre-installed software that drains...

HF Group half-year net loss widens to KSh 295.5 Million

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Kenyan listed mortgage lender HF Group widened its Net Losses for the six months ended 30th June 2020 to KSh 295.5 Million. This is compared...

Kilifi County government to build palm wine factory in Rabai

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The government and the devolved unit of Kilifi will build a 150,000-litre capacity coconut juice processor in Kwa Juaje, Rabai sub-county. The freshly tapped palm...

Governors reject CS Peter Agriculture Ministry’s new regulations on tea sector

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Governors have rejected new tea regulations recently issued by the Agriculture Ministry, saying the rules do not respect functions and integrity of the county...

Season of migrations gives sector much-needed boost

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Coinciding migrations of the humpback whales in Kenya’s coast, the floating pink flamingos in Kenya’s soda lakes and thousands of wildebeests dotting the Mara...

World Bank suspends key business report

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The World Bank has suspended the publication of a key annual report that countries use to gauge their ease in attracting investors, pending a...

Longhorn Publishers sinks to Sh226m loss as Covid clips book sales

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Longhorn Publishers  has sunk into Sh225.9 million loss, the first in eight years, as the closure of schools due to Covid-19 pandemic hurt book sales. The...